Thanks and a Further Note on the Regulation of Private Equity

A very thoughtful analysis of valuation issues in the private equity markets by Professor Bobby Bartlett. "As my prior post discussed, I generally find little merit in the recent calls for subjecting the private equity industry to greater regulatory oversight. I suggested, however, that there are some market imperfections in the private equity industry that may merit some reform. What are these market imperfections? In general, they are the information asymmetries that result from the challenge of valuing privately-held corporations."